Lincoln Resident Loses $67,000 in Cryptocurrency Scam, City Responds with New Ordinances
LINCOLN, Neb. – A Lincoln man is reeling after losing $67,000 to a sophisticated cryptocurrency scam, highlighting a growing wave of fraud targeting residents. City officials are responding with new measures aimed at protecting the public.
Salman Moshiri received a suspicious text message on Thursday afternoon containing a verification code and instructions to call a number if he hadn’t requested it.Believing he was safeguarding his funds, Moshiri spent two hours on the phone with a scammer, ultimately resulting in the transfer of $67,000 from his account.
“I can’t sleep, I can’t eat anything as it is indeed heartbreaking,” Moshiri told 10/11 News. “It’s losing something that’s (worth) a lot of money.”
Moshiri expressed frustration that his cryptocurrency investment broker didn’t intervene sooner,questioning the security measures in place. “Where is the security? Where is the protection?” he asked.”They should call me quickly to stop it.”
His experience comes as Lincoln battles an estimated $11 million wave of cryptocurrency scams. In response, Lincoln mayor Leirion Gaylor Baird recently announced new ordinances designed to curb these crimes. Details on the proposed ordinances can be found here: https://www.1011now.com/2025/10/09/lincoln-battles-11m-crypto-scam-wave-with-proposed-atm-warning-ordinance/
Moshiri is now urging others to be vigilant. “Any text message,don’t open it,don’t call as you will be responsible for this situation and it’s a very hard situation,” he warned.
Cryptocurrency scams often involve impersonating legitimate companies or authorities to trick individuals into revealing sensitive information or sending money. Authorities advise residents to be wary of unsolicited communications, verify requests through official channels, and never share personal financial details with unknown parties.
